bynd2009

Bloomberg Comes Down Hard on Goldman

It is very amusing to read the accusations that are being heaped upon GS. I don't believe it was to the advantage of GS to see Bear Sterns and Lehman perish. Those two did plenty of screwy trading of the derivatives on their own that brought on their demise. Plus their demise has brought a lot of public scrutiny on how these mega firms operate which GS would very much have liked to avoid. If all these commentators really think GS has the ability to seriously manipulate the markets, they ought to bring their trucks and load up on GS stock which by the way did quite well to recover from 73 to 141 in the last 3 months!! It is helpful to remember that some senior executives at these failed firms (LEH, BSC and MER) were Goldman alumni as well. It would be very interesting to know what exactly was the reason for GS to have that infamous code (wisecrack from the proscutor who was trying to get the bail denied for Mr. S.A. on the grounds that such a code in un-trustworthy hands would result in "unfair manipulation of the markets")